Partner confronts majority owner, tries on leadership role and pushes back stress
David seeks coaching for extreme stress and anxiety due to a difficult transition to a new company. David had been Vice President of Marketing at a large high tech organization and bought into a small software company with two other partners. One of the firm's partners, Steve, unilaterally hired a friend as director of sales despite the fact Steve’s friend had no high tech experience, conducted himself unprofessionally and was not coordinating his efforts with David’s marketing initiatives.
Because Steve is the firm's founder and majority owner, he felt emboldened to make this hiring decision despite dissent from David and the third partner, Rick. David disclosed that he felt anxious about challenging Steve because he is the majority owner of the firm. David was also feeling significant stress because he had left a secure position for a start-up which had not brought in any customers after 3 months in the business.
Upon learning David’s challenges, the following recommendations were made:
To review the partnership agreement to determine the language regarding hiring decisions. Upon reviewing the contract, David was reminded that the partners had agreed that a consensus or majority vote amongst partners was necessary for any management or director positions.
Encouraged David to align with Rick to remind Steve about the established hiring policy in the partnership agreement. Suggest placing an addendum to the partnership agreement that the firm will not engage in nepotism going forward.
To propose that the partners run ads in high tech publications as well as engage a couple recruiting firms to locate sales talent with both management and technology/software experience. Also recommended that both David and Rick interview David’s friend to determine whether or not the friend is a fit for a sales position.
Re-evaluate hiring an HR manager or internal recruiter in 1 year’ time.
Recommend weekly meetings between sales and marketing departments for continuity purposes.
Suggested that David practice assertiveness skills by reminding himself of his wants, needs and rights as a partner. Encouraged David to read the book My Perfect Right: Assertiveness and Equality in Your Life and Relationships by Robert Alberti and Michael Emmons and/or watch videos about leadership by John C. Maxwell and Stephen Covey.
Begin a regular cardiovascular exercise program, balanced diet, adequate sleep regimen and meditation practice to develop the stamina and focus to withstand the long hours and stress that invariably comes with starting a new business.
Set reasonable boundaries around work and allow for hobbies and socializing with friends and girlfriend.